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Calculate the costs if turnover were reduced to 6%. Given turnover of 9%, calculate the number of open positions that will need to be filled,
Calculate the costs if turnover were reduced to 6%. Given turnover of 9%, calculate the number of open positions that will need to be filled, along with the hiring, training, and total costs for each level. Assume all positions are filled by external hires. Because you can't have a fractional employee, the computer will round the number of openings to the nearest whole employee. How much more must the company spend on staffing each quarter with turnover at 9% compared to turnover of 6% ? Answer $
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